A Study On The Tax Policy Of Applying Public-private Partnership Mode In Infrastructural Facilities

Since general secretary Xi Jinping put forward the “One Belt and One Road” initiative,the “One Belt and One Road” initiative has covered 60% of the global population,and the pace of urbanization in China has also accelerated,and the demand for infrastructure construction is also rising.At the same time,in the context of strict control of local debt and supply-side reform,it is difficult to meet current development needs by providing infrastructure in the traditional way.Faced with such a situation,China actively introduces social capital to participate in the construction of infrastructure to improve the supply efficiency and quality of infrastructure.PPP mode conforms to the trend of social and economic development,effectively reduces the government's hidden debt burden,and is conducive to improving the utilization rate of resources.Since 2014 in China have issued a series of policies and measures to regulate the development of the PPP mode,has just ended in 2019 on the two sessions of prime minister in the government report mentioned once again pushing the PPP,reasonable effective investment,stick to the national development strategy,promote the social capital investment in the infrastructure field.The benign development of PPP depends partly on reasonable and effective tax policies.Based on our country infrastructure PPP model analyze the present situation and main problems of tax policy,at present our country about the PPP pattern of the tax policy mainly exist the following problems,first of all,the preferential tax policies related to the PPP model in the whole life cycle of the PPP project running process,such as financing,construction,operation and transfer of assets such as link exists many problems.Secondly,China's current tax incentive policies for the PPP model are still in a fragmented state,which restricts the development of the PPP model.There are many problems in the current tax policies,such as small tax incentives,heavy burden of deed tax and stamp tax,and imperfect deduction link.This paper also carries out a case analysis,taking the sewage treatment plant in the field of infrastructure as an example,which provides data support for this paper.At the same time through the combination of foreign relevant tax policy experience,this paper puts forward Suggestions to improve the PPP tax policy in China.China should introduce tax policy guidelines to adapt to the development of PPP mode as soon as possible.Improve the integrity of the VAT deduction chain and extend the preferential tax range;In addition,the profitability of PPP projects should be fully considered,differentiated tax policies should be implemented,and tax policy incentives should be clarified.This paper focuses on the research of tax policies suitable for the development of PPP mode in the field of infrastructure,and puts forward practical tax policy Suggestions in line with China's current national conditions,so as to promote the benign development of PPP mode and give full play to the incentive role of tax policies.